Thursday, July 10, 2014
Hovid: Bullish breakout
Hovid-WB broke above its rising 'horizontal' resistance at RM0.20 three days ago. The share also broke above its horizontal resistance at RM0.38 at the same time.
Chart 1: Hovid-WB's daily chart as at July 9, 2014 (Source: Tradesignum)
Chart 2: Hovid's daily chart as at July 9, 2014 (Source: Tradesignum)
Based on technical breakout, Hovid & Hovid-WB could be a good trading BUY.
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, Hovid & Hovid-WB.